Monday, September 07, 2009

COTD: Unintended Consequences

clipped from www.telegraph.co.uk

Ambrose assumes rational thought & action by our leaders. He also has not taken into account the law of unintended consequences mixed in with events. It will be a mess. Just think what the following portends; 1)Russia is about to win large military contracts from Saudi ( USAs major ally in the Middle East is walking away; 2) Bank of Israel is no longer buying dollars (does it know the dollar is about to stumble); 3) China is encouraging it's citizens to buy gold & silver (USA control of the price of gold & silver will be prised off) and 4) China has stated that some of it's state owned enterprises can default on their derivitives (thereby potentially bring US Wall st banks to their knees. Not good news for the West as they stumble and fall